yacht sales companies

MasterCraft Boat Holdings, Inc. Reports Fiscal 2024 Results

MasterCraft Boat Holdings, Inc., headquartered in Vonore, Tennessee, has released its financial results for the fiscal fourth quarter and full year ending June 30, 2024. The company, known for its innovation in recreational powerboats, has faced a challenging economic environment, reflected in its latest SEC 8-K filing.

Financial Highlights

For the fourth quarter of fiscal 2024, MasterCraft reported net sales of $67.2 million, a significant decrease of 59.7% from the prior-year period. The company also recorded a net loss from continuing operations of $8.1 million, or ($0.49) per diluted share. Adjusted EBITDA for the quarter was $0.8 million, down 97.4% from the previous year.

For the full fiscal year 2024, net sales were $366.6 million, down 44.6% from the prior year. Net income from continuing operations was $8.7 million, or $0.51 per diluted share. Adjusted EBITDA for the year was $32.9 million, a decrease of 74.9% from fiscal 2023.

Business and Operational Highlights

MasterCraft's unit sales volume saw a significant decline, with the MasterCraft brand down 68.2% and the Pontoon segment down 56.1% in the fourth quarter. The Aviara segment, however, saw a 23.5% increase in unit sales. The company also recorded non-cash impairment charges of $9.8 million related to the Aviara segment.

Gross margin percentage declined by 1,360 basis points in the fourth quarter and 730 basis points for the full year, primarily due to lower cost absorption and higher dealer incentives.

Strategic Initiatives and Corporate Developments

Subsequent to June 30, 2024, MasterCraft agreed to transfer rights to its Aviara brand of luxury dayboats to a third party, with the transaction expected to close in the first quarter of fiscal 2025. The company also repurchased $4.5 million worth of shares during the fourth quarter and $16.3 million during the full year.

Management's Perspective

Brad Nelson, Chief Executive Officer, commented on the results, stating that the company delivered results ahead of expectations despite a challenging economic environment. He emphasized the company's focus on destocking field inventory levels, advancing consumer-centric initiatives, and returning capital to shareholders while optimizing profitability and cash flow.

Nelson also highlighted the company's strong financial position, which provides flexibility to pursue strategic initiatives, including investment in innovation and product development.

Future Outlook

Looking ahead, MasterCraft expects consolidated net sales for fiscal 2025 to be between $265 million and $300 million, with Adjusted EBITDA between $15 million and $26 million. For the first quarter of fiscal 2025, the company anticipates consolidated net sales of approximately $61 million, with Adjusted EBITDA of around $2 million.

SEC Filing: MasterCraft Boat Holdings, Inc. [ MCFT ] - 8-K - Aug. 29, 2024

Who was onboard tech mogul Mike Lynch's Bayesian yacht?

Topic: Disasters, Accidents and Emergency Incidents

Six people are missing, including a man dubbed the British Bill Gates, after a luxury yacht sank off the Sicilian coast.

British tech entrepreneur Mike Lynch — freshly acquitted from a decade-long trial — had invited his work colleagues aboard a trip through the Mediterranean coast when a freak storm saw the yacht sink within moments.

Fifteen people escaped from the sinking vessel. The search for the missing continues.

Here's what we know so far: 

What happened?

The Italian coastguard said the yacht — the Bayesian — was anchored off the shore of port city Porticello, near the Sicilian capital Palermo, when it was hit by bad weather sometime after 4am on Monday, local time. 

Eyewitnesses said it vanished quickly beneath the waves shortly before dawn.

Managers of the sailing vessel Bayesian, Camper & Nicholsons, confirmed to the ABC that the Bayesian encountered severe weather and subsequently sank. 

"Our priority is assisting with the ongoing search and providing all necessary support to the rescued passengers and crew," they said. 

"The wind was very strong. Bad weather was expected, but not of this magnitude," a coastguard official told Reuters.

Sicily's civil protection agency head, Salvo Cocina, said a waterspout — a tornado over the water — could have struck the yacht.

"They were in the wrong place at the wrong time," Mr Cocina added. 

Storms and heavy rainfall had swept down Italy in recent days after weeks of scorching heat, lifting the temperature of the Mediterranean Sea to record levels and raising the risk of extreme weather conditions, experts told Reuters.

"The sea surface temperature around Sicily was around 30 degrees Celsius, which is almost 3 degrees more than normal. This creates an enormous source of energy that contributes to these storms," meteorologist Luca Mercalli said.

Rescuers recover the body of one of the people aboard the Bayesian.  ( AP: Lucio Ganci )

Captain Karsten Borner of the Sir Robert Baden Powell vessel told journalists he noticed the Bayesian nearby during the storm, but after it calmed he saw a red flare and realised the ship had simply disappeared.

Mr Borner said he and a crew member boarded their tender and found a lifeboat with 15 people, some of them injured, who they then took aboard and alerted the coast guard.

Search crews, including helicopters and divers, are continuing to search the wreckage, lying at a depth of 49 metres.

Specialist divers reached the ship on Monday but access was limited due to objects in the way, the fire brigade said.

The UK Marine Accident Investigation Branch is deploying a team of four inspectors to Italy to conduct a preliminary assessment.

The Foreign Commonwealth and Development office said it was "providing consular support to a number of British nationals and their families".

Sicilian prosecutors have also opened an investigation into the event. 

Who is missing?

Lawyer Chris Morvillo (left), entrepreneur Mike Lynch, and Morgan Stanley chairman Jonathan Bloomer are among the missing. 

There were 12 passengers and 10 crew members aboard the yacht. 

Mr Cocina said the crew and passengers hailed from a variety of countries, including Britain, the United States, Antigua, France, Germany, Ireland, Myanmar, the Netherlands, New Zealand and Spain.

Of the 22, one man is confirmed dead and another six people are still missing. 

They are believed to be inside the hull, fire rescue spokesperson Luca Cari said.

Fabio Cefalù, a fisherman who said he responded to a flare from the vessel but found it sunk, said he stayed at the site for three hours without finding anyone.

"I think they are inside, all the missing people," he said.

Rescue teams recovered the body of the yacht's onboard chef on Monday, identified as Antiguan citizen Ricardo Thomas.

The still missing people include: 

• Mr Lynch's 18-year-old daughter, Hannah 
• Jonathan Bloomer, chairman of global financial services company Morgan Stanley International
• Chris Morvillo , a lawyer at the British multinational law firm Clifford Chance. He worked on Mr Lynch's lawsuit against Hewlett-Packard
• The identities of the remaining two missing are still unconfirmed

Who was rescued? 

Fifteen people escaped from the sinking ship. 

Eight have been hospitalised and others were taken to a nearby hotel.

Charlotte Golunski was among those rescued, recalling the harrowing moments she held her child Sofia above the waves.  ( Supplied: Facebook  )

Among those rescued were:

• Mr Lynch's wife, Angela Bacares, who was the owner of the yacht
• Charlotte Golunski and her one-year-old daughter, Sofia. Ms Golunski is a partner at Mr Lynch's firm, Invoke Capital. She says she momentarily lost hold of Sofia in the water but managed to hold her up above the waves until the lifeboat was inflated
• Ms Golunski's husband James Emslie
• New Zealand captain of the yacht James Catfield. He told Italian newspaper La Repubblica the crew didn't see the storm coming
• A lone Dutch citizen was identified by the Dutch foreign ministry as being rescued, but was not identified

Who is Mike Lynch?

Mr Lynch, once hailed as Britain’s king of technology, was recently freed from a Silicon Valley lawsuit that tarnished his legacy. 

The 59-year-old Cambridge-educated mathematician created Autonomy , a search engine that could pore through emails and other internal business documents to help companies find vital information more quickly. 

He received the OBE for his innovation in 2006. 

He then sold the software to Hewlett-Packard (HP) for $US11 billion ($16 billion) in 2011, with Mr Lynch personally netting $US800 million. 

HP valued Autonomy at $US46 billion ($68 billion) in the months leading up to the deal.

Mike Lynch in 2019 leaving the High Court in London.  ( Reuters: Henry Nicholls/File Photo )

But the deal quickly turned sour after he was accused of forging the software's financial records to make the sale.

As part of a decades-long legal battle against HP, Mr Lynch was extradited to the UK on criminal fraud charges. 

He steadfastly denied any wrongdoing, asserting that he was being made a scapegoat for HP's own bungling. 

He was eventually cleared of all charges in June this year. 

Although he avoided a possible prison sentence, Lynch still faced a bill from a civil case in London that HP mostly won during 2022. Damages haven't been determined in that case, but HP is seeking $US4 billion. 

Following the San Francisco trial, Mr Lynch said he would return to the UK and do what he loved most: "[being with] my family and innovating in my field."

The holiday appeared to be something of a celebration after Mr Lynch's acquittal, with guests including some of the people who had stood by Lynch throughout the ordeal.

This picture shows the rescue operations off the Sicilian coast.  ( AP: Italian Coast Guard  )

In a separate act of tragedy, Mr Lynch's co-defendant in the trial, Stephen Chamberlain, died on Monday, after a road accident left him critically injured.

Mr Chamberlain — Autonomy's former vice-president of finance alongside Mr Lynch — was hit by a car in Cambridgeshire on Saturday morning and had been placed on life support. 

What is the Bayesian?

The luxury yacht is 56m long sailboat, with a 75m mast labelled as the tallest aluminium mast in the world.

It was previously named Salute when it flew under a Dutch flag.

The yacht, built in 2008 by the Italian firm Perini Navi, can accommodate up to 12 guests in six suites and a crew of 10, according to online specialist yacht sites. It was last refitted in 2020.

Online charter sites listed it for rent for up to 195,000 euros (about $AU 321,000) a week. 

This picture taken on Sunday shows the Bayesian (left) and the Duch sailboat Sir Robert Baden Powell anchored off the coast line.   ( AP: Fabio La Bianca/Baia Santa Nicolicchia )

The ship also won a string of awards for its design. 

Ms Golunski said the yacht had travelled through the Aeolian Islands, Milazzo and Cefalù before sinking. 

It is likely the yacht's name would resonate with Mr Lynch because his PhD thesis and the software that made his fortune was based on Bayesian theory.

Mike Lynch and daughter among missing after yacht sinks: What we know about disaster - and 'alarming' potential cause

The British-flagged luxury vessel named Bayesian was carrying 22 people when it got into difficulty off the coast of Sicily. Seven bodies have now been recovered from the wreckage.

News reporter @samuelosborne93

Friday 23 August 2024 12:24, UK

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Seven bodies have been found after a superyacht sank off the coast of Sicily.

Twenty-two people were on board the vessel named Bayesian when it got into difficulty in the early hours of Monday, with 15 people rescued.

Here's what we know about the sinking of the luxury vessel so far.

Follow latest updates on the superyacht sinking

What might have caused the sinking?

The British-flagged luxury vessel, named Bayesian, capsized at around 4.30am local time on Monday morning off Palermo, according to ship-tracking site Marine Traffic.

It sank in as little as 60 seconds with 22 people on board, 12 passengers and a crew of 10, according to the Italian coastguard.

Waterspouts, essentially tornados that form over water, were seen as powerful winds battered the area overnight, local media said.

The yacht may have sunk faster with all the doors open due to the hot weather, Sailing Today magazine editor Sam Jefferson has said.

"I imagine all the doors were open because it was hot, so there were enough hatches and doors open that it filled with water very quickly and sank like that," he said.

Official pictures show air conditioning units in several of the rooms, however, which could counter the suggestion open windows caused the vessel to sink faster.

The huge mast is also likely to have played a role, he added.

What are waterspouts?

Waterspouts typically occur during thunderstorms and can develop very rapidly, within minutes.

Their spin generally reaches wind speeds between 75-200mph, but can reach as high as 300mph.

They can travel at about 10-20mph typically but can reach greater speeds, making them difficult to avoid - especially in something as slow-moving as a yacht.

Matthew Schanck, chair of the Maritime Search and Rescue Council, called the reports of a tornado or waterspout "rare" and "quite alarming".

"The vessel was at anchor in a recognised anchorage," Mr Schanck said.

"Depending on wind direction and the state of the sea, this informs the captain whether it is a safe area to anchor or not. There was nothing that was too concerning, for my eye. All in all, the captain used the information they had to make a safe call."

Who owns the yacht?

The yacht belonged to the family of British tech tycoon Mike Lynch. He was confirmed to have died after rescuers found his body on Thursday. Mr Lynch was on holiday with his 18-year-old daughter Hannah, who is still missing, and his wife Angela Bacares, who was rescued.

Mr Lynch, 59, was known as the " British Bill Gates " and has been in the headlines in recent months over a high-profile fraud case.

In June, a US jury cleared him of all charges, which were related to the 2011 sale of his software company Autonomy to Hewlett-Packard (HP). The yacht trip is believed to have been a celebration of the end of Mr Lynch's legal troubles.

HP accused him of deliberately overstating the value of the company before it was acquired by the American tech giant.

Mr Lynch was extradited to the US to face trial in May last year and spent 13 months under house arrest in San Francisco as he awaited trial on 17 charges of conspiracy and wire fraud brought by the US Department of Justice - which were later reduced to 15 charges. He always denied any wrongdoing and was acquitted.

Read more: Lynch's co-defendant dies days before yacht sinking

Who was on board when the boat sank?

The passengers were largely British and American, with crew members were from New Zealand, South Africa, and Canada.

Charlotte Golunski was among the Britons rescued. Her LinkedIn profile says she is a partner at Mr Lynch's firm Invoke Capital and has worked there since 2012.

Speaking after the ordeal, Ms Golunski told Italian media that she lost her daughter Sofia for "two seconds" amid the "fury" of the sea but was able to retrieve her. She said she held the infant above the waves until the lifeboat was ready.

"Many people screamed. Luckily the lifeboat inflated and 11 of us were able to get on board," she told ANSA.

The girl's father James Emsley also survived, according to Sicily's civil protection agency.

Also on board were Jonathan Bloomer, chairman of investment bank Morgan Stanley, his wife Judy Bloomer, a top US lawyer Chris Morvillo, who worked on Mr Lynch's criminal case, and his wife Neda Morvillo. Divers confirmed on Thursday that their bodies had been recovered.

The yacht's captain James Cutfield survived, along with South African crew members Leah Randall and Katja Chicken.

Recaldo Thomas, a Canadian-Antiguan chef who was working on the boat, was the first to be found dead, the Italian Coastguard confirmed to Sky News.

During rescue efforts, divers saw "corpses through the portholes" of the wreck as they recovered the body of a man at a depth of 50m (164ft), according to Salvo Cocina, the head of the Civil Protection of Sicily.

What do we know about the vessel?

The Bayesian is owned by a company controlled by Mr Lynch's wife.

It was known for its unusual 72.3m (246ft) single mast - one of the world's tallest made of aluminium - and shared its name with the statistical method Mr Lynch's Autonomy software was based on.

It was built by Italian company Perini Navi in 2008 and last refitted in 2020.

It was listed for rent for up to €195,000 (£166,000) a week, according to online charter sites.

The luxury vessel , which was managed by yachting company Camper & Nicholsons, could accommodate up to 12 guests in six suites.

It won a string of awards for its design, according to online specialist yacht sites.

Mr Schanck, of the Maritime Search and Rescue Council, said the vessel would have been equipped with "high standard" life-saving appliances and radio communications.

He added the yacht would have met all international standards and UK Maritime Coastguard Agency regulations before its voyage.

It was previously named Salute, or "health" in Italian, when it flew under a Dutch flag. Its minimalist interior featured light wood with Japanese accents designed by the French designer Remi Tessier, according to descriptions on charter sites.

Keep up with all the latest news from the UK and around the world by following Sky News

What were its last movements?

The boat left the Sicilian port of Milazzo on 14 August and was last tracked east of Palermo on Sunday evening, with a navigation status of "at anchor", according to vessel tracking site VesselFinder.

The Bayesian previously travelled to other parts of Sicily before its last sighting off the coast of the port of Porticello.

On Sunday, the boat was seen off the coast of Cefalu before it travelled towards Porticello, MarineTraffic data shows.

In the days before, the yacht travelled around four of the Aeolian islands, just north of Sicily.

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Prosecutors in the nearby town of Termini Imerese have opened an investigation into the sinking.

Related Topics

• Superyacht sinking

Mike Lynch, recently acquitted in HP-Autonomy fraud case, is missing after yacht capsized off Sicily (updated)

Update 2 : His body has now been identified. Story here .

Update : Authorities have yet to access the inside of the sunken yacht, and Mike Lynch is still classified as missing. Other details have emerged in the interim.

The accident appears to have been caused by a major storm and a resulting tornado-like water column that ensnared and damaged the yacht. Among the other six people still missing are Lynch’s 18-year-old daughter and Morgan Stanley International chairman Jonathan Bloomer. The voyage was to celebrate Lynch being acquitted of criminal charges in the U.S., and several members of his legal team were also on board. (The ship was registered to Lynch’s wife, one of the survivors.) By a terrible coincidence, the other person acquitted in Lynch’s trial — Autonomy’s finance head Stephen Chamberlain — had died just a few days before when he was hit by a car while out jogging. Original article continues below.

Mike Lynch, the investor and high-profile founder of U.K. tech firm Autonomy, has been declared missing at sea after the yacht he was on, the Bayesian , capsized in a storm off the coast of Sicily early Monday morning.

TechCrunch confirmed with a source close to the rescue operation that Lynch is one of six people missing from the boat. Lynch’s wife, Angela Bacares, is one of the 15 who have been rescued. One body has been found.

The news is a dramatic, tragic development for one of the more colorful, and sometimes controversial, figures in technology out of the U.K.

Lynch’s enterprise technology firm Autonomy was acquired in 2011 by HP for $11 billion — a major milestone for U.K. technology. But it quickly turned sour, and HP sued Lynch and other executives at the company, arguing it was misled in the transaction.

HP claimed that the deal led to a $4 billion loss — money it then demanded from Lynch and his former CFO. Lynch (pictured above, left) long asserted that he acted in good faith and that he was being made into a scapegoat over a merger gone bad.

That legal drama went on for more than a decade and involved a host of other thorny chapters, including Lynch’s extradition to the U.S. and a lot of very bad publicity for Lynch. It also led to a second civil case that took place in 2022 in the U.K., which Lynch lost.

The U.S. criminal case, where Lynch was charged with 15 counts of fraud and conspiracy, went to trial earlier this year in San Francisco. Finally, in June, Lynch was acquitted .

“I am elated with today’s verdict and grateful to the jury for their attention to the facts over the last ten weeks. My deepest thanks go to my legal team for their tireless work on my behalf,” Lynch said at the time. “I am looking forward to returning to the UK and getting back to what I love most: my family and innovating in my field.”

In the interim years, Lynch built up a profile in the U.K. as an investor, most prominently as the founder of Invoke Capital . The VC firm was the biggest investor in cybersecurity firm Darktrace, a connection that was not without its own controversy . It also invested in Sophia Genetics , Featurespace and Luminance, among others. And it appeared that this is the route that he was set to continue.

Our thoughts go out to his family, friends and colleagues. We’ll update this post as we learn more.

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The passing of Mike Lynch, the U.K. tech entrepreneur who perished last weekend when his luxury yacht abruptly sank in the Mediterranean, is unlikely to impact the sale of cybersecurity firm Darktrace, of which he and his wife own a significant share.

Thoma Bravo, a software-focused private equity firm, had agreed to buy Darktrace in April for $5.3 billion, and Darktrace shareholders voted to approve the sale in June. The deal still needs regulatory approval, but Thoma Bravo is expected to complete the acquisition by the end of 2024, a person familiar with the transaction said.

“If the shares have already been voted, there is no obvious mechanism or need for further approval or action to be taken by any shareholders, including the Lynch family or estate,” an attorney who advises on M&A transactions told Fortune .

The sale has been back in the spotlight in the wake of the yacht tragedy , which also took the life of Lynch’s 18-year-old daughter as well as of a prominent banker and lawyer. The deaths came the same week that Lynch’s co-defendant in a related fraud case was fatally run over by a car. The fraud case involved Autonomy, a software firm that Lynch founded and sold to U.S. tech giant HP , which accused him of using accounting improprieties to inflate the company’s value.

Lynch’s connection to Darktrace is through his venture capital firm Invoke Capital. In 2013, a team of Cambridge mathematicians, including current CEO Poppy Gustafsson, along with business people and intelligence experts, founded the startup that relies on A.I. to combat cyberthreats. The U.K.-based Darktrace raised $230.5 million in funding, according to Crunchbase . Invoke was an early investor of Darktrace.

Darktrace went public in 2021, during the height of the IPO boom. But rather than listing in the U.S., Darktrace opened for trading on the London Stock Exchange. Invoke Capital was said to be Darktrace’s largest investor at the time, owning 39.5% of the company, the Guardian reported . Within months of the IPO, Darktrace’s valuation soared to nearly 7 billion pounds ($9.2 billion).

In 2022, Thoma Bravo made its first attempt to buy Darktrace, but walked away from negotiations when the two sides couldn’t agree on terms. The PE firm returned this year, clinching a deal for Darktrace in April. By this time, Lynch’s stake in Darktrace had fallen. The entrepreneur and his wife, Angela Bacares, owned roughly 7% of Darktrace, the person said. The couple’s stake then dropped further, to a little more than 3% by mid-August, according to a different person familiar with Darktrace.

Lynch and his wife were aboard a yacht named Bayesian after the Bayesian inference, a statistical model that formed the foundations of his company Autonomy. The boat sank off the coast of Sicily earlier this week and Lynch was pronounced dead Thursday, Aug. 22, while his wife survived. Lynch hasn’t been affiliated with Darktrace for some time. When he passed, he was not an executive of Darktrace but a shareholder.

Lynch’s influence on the U.K. tech scene was enormous and he was hailed as the “ British Bill Gates ,” although he was better known for his legal problems. A Cambridge-educated mathematician, he developed software that could extract useful information from unstructured sources including phone calls, emails, and video. 

This software was at the core of Autonomy, which HP purchased for $11 billion in 2011. But the next year, HP was forced to write down $8.8 billion of Autonomy’s value, making it one of the worst deals in history. 

HP, along with U.S. prosecutors, alleged that Lynch and Autonomy’s former finance chief used accounting tricks to inflate the company’s revenue ahead of the 2011 sale, Fortune reported . In August, a federal court in San Francisco acquitted Lynch of criminal fraud charges.

Lynch’s late co-defendant in the fraud trial, Stephen Chamberlain, served as Autonomy’s former vice president of finance. Both men were acquitted in a U.S. criminal trial, but civil lawsuits remain ongoing. Chamberlain also worked for Darktrace; he joined in 2016 as CFO and was named COO in September 2020. He went on administrative leave in June 2023, his LinkedIn said .

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Mike Lynch won a dramatic 12-year legal battle over his tech company. Weeks later, he and his top lawyer are dead.

• Mike Lynch won an unexpected jury acquittal after a dramatic 12-year legal saga.
• HP accused him of cooking the books of his company Autonomy to make it seem worth billions more.
• He finally won — and then he, his lawyer, and his codefendant all died within days.

In 2011, Mike Lynch was the toast of the tech world.

Hailed as Britain's Bill Gates, Lynch sold Autonomy, his groundbreaking data-management company, to Hewlett-Packard for $11 billion.

Shareholders and business commentators were puzzled about what HP, a hardware company, would do with Autonomy, a software company — and why the latter was worth $11 billion. HP's executives said at the time that Autonomy had the potential to transform HP and usher the Silicon Valley titan into a new generation.

None of that happened. A year after the acquisition, HP wrote down $8.8 billion of the purchase value and accused Lynch of lying about Autonomy's finances.

The claim led to a vicious decadelong series of legal disputes.

Another Autonomy executive, Sushovan Hussain, was convicted of fraud in 2018 and sentenced to five years in prison. Federal prosecutors brought criminal charges against Lynch and Stephen Chamberlain, the company's former vice president of finance.

Lynch's court battles concluded with a three-month criminal trial in San Francisco. After just two days of deliberation, jurors found Lynch and Chamberlain not guilty on all counts.

"The truth has finally prevailed," his lawyer Chris Morvillo said.

Within months, Lynch, Chamberlain, and Morvillo were all dead.

A takeover doomed from the start

Lynch, who studied neural networks for his Ph.D. at Cambridge University, spun off Autonomy from a previous company, Cambridge Neurodynamics, in 1996.

Using sophisticated algorithms, Autonomy allowed users to organize and search through large amounts of unstructured data. It was a bright spot in Britain's tech industry and was listed on the country's stock-market index.

Autonomy's clients included Oracle, Adobe, Cisco, AT&T, and HP itself. But HP's purchase of Autonomy was controversial.

The hardware company's CEO, Léo Apotheker , who had been in the position for less than a year, tried to shift the company's direction. HP had struggled to sell printers and servers as part of its traditional hardware business. Apotheker wanted to spin off HP's personal-computing division and make a big bet on moving the company into software, which had higher margins.

Analysts hated the idea. Shareholders sued. HP's value dropped by more than half. The company's board fired Apotheker within weeks of the decision to buy Autonomy, before the deal even closed.

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His successor, Meg Whitman, fired Lynch and wrote down the value of Autonomy by $8.8 billion, which indicated HP paid nearly four times what it should have. The New York Times columnist James B. Stewart floated the case that it was the worst acquisition in corporate history — even worse than AOL's ill-fated purchase of Time Warner.

In a stunning move, HP accused Lynch of fraud the following year. The company alleged he and Hussain, a former CFO, inflated Autonomy's sales figures. The FBI and the UK's Serious Fraud Office both opened investigations.

Lynch fervently denied accusations of wrongdoing. He pointed out that Autonomy was audited by Deloitte, which hadn't found issues. Lynch said HP stifled Autonomy with mismanagement and bureaucracy that pushed out employees and stymied sales.

The culture at HP, he said, was poisonous.

"It was like boarding a plane, realizing the engine is on fire, and then going up to the cockpit only to find that the pilots are having a fight," he told The Telegraph at the time .

According to The New York Times, lawyers representing shareholders in the lawsuit against HP obtained a copy of the company's own KPMG-prepared due-diligence report. The report said that Autonomy wasn't transparent enough with its finances, but Apotheker moved forward with the takeover anyway, deciding that Autonomy's potential was worth it.

A legal morass

The UK's Serious Fraud Office announced in January 2015 that it closed its investigation into Autonomy, finding insufficient evidence for legal action, though it referred some issues to the US Justice Department.

In the subsequent months, HP and Lynch sued each other in the UK. As those cases wound their way through the British court system, US prosecutors continued investigating HP's purchase of Autonomy. In 2016, they brought fraud charges against Hussain, who was found guilty in a 2018 jury trial. British regulators formally barred him from the financial industry earlier this year after he completed a five-year sentence in the US.

HP unloaded Autonomy altogether, selling parts of it in 2016 and 2017.

In November 2018, Justice Department prosecutors went directly after Lynch and Chamberlain.

Their indictment accused Lynch and Chamberlain of falsifying financial documents, lying to auditors and regulators, and suppressing the voices of people who criticized Autonomy's financial practices.

Lynch was no longer looking at civil fights over money. He was facing the prospect of up to 20 years in prison.

For years, Lynch fought extradition to the US. Powerful in British political circles — he had advised David Cameron when Cameron was prime minister and served on the boards of the BBC and the British Museum — he and his lawyers argued that his legal issues should play out in the UK, not the US. American criminal laws were unfairly stacked against him, his lawyers said.

HP's lawsuit against Lynch — still churning in the background — finally went to trial in 2019. Apotheker testified he would have abandoned the Autonomy acquisition if he had a better understanding of its finances. Lynch argued that the whole morass was orchestrated by Whitman, Apotheker's successor, who harbored political ambitions (she ran for governor in California and is currently the US ambassador to Kenya) and wanted to shift the blame for Autonomy's failures to someone else.

Robert Hildyard, the judge who oversaw the case, ruled mostly in HP's favor. In a 2022 decision that ran over 1,700 pages, he wrote that HP overpaid for Autonomy because of deceit from Lynch and Hussain. Hildyard hadn't yet decided how much they would owe in damages, but he wrote it would be "substantially less" than the $5 billion HP asked for.

When he wasn't fighting legal battles, Lynch continued to be an entrepreneur. He founded a venture-capital firm, Invoke Capital, and invested in and helped run the cybersecurity firm Darktrace, which,  Politico reported, has deep ties  to Britain's intelligence agencies.

Financial disclosures Lynch filed last year as part of his criminal case indicated he was worth about $450 million.

The criminal trial

The UK finally extradited Lynch to the US in May 2023 , where he prepared for his trial — alongside Chamberlain as a codefendant — while under house arrest in San Francisco.

Lynch had a top-shelf legal team, but after the British court loss and Hussain's conviction, the chances of an acquittal seemed bleak.

Lynch testified at the end of his three-month trial, which began in March, telling jurors he wasn't involved in day-to-day financial oversight of the company. Misunderstandings, he said, could be chalked up to the differences between British and American accounting practices.

"A lot of what we've been looking at is like peering through the door of a kitchen and seeing the sausage-making machine, and that's how it really works," he told jurors, according to The Times of London . "If you take the microscope into even the most spotless kitchen, you'd find bacteria. If it wasn't there, that'd be something very abnormal. I don't think Autonomy was any different."

Jurors believed him. In June, they declared Lynch not guilty of the 15 charges against him, clearing Chamberlain as well.

Morvillo, one of Lynch's lawyers in the trial — as well as in the preceding decade of legal disputes — praised the jury, saying it had rejected "the government's profound overreach in this case."

"This verdict closes the book on a relentless 13-year effort to pin HP's well-documented ineptitude on Dr. Lynch," Morvillo said in a joint statement with his attorney colleague Brian Heberlig. "Thankfully, the truth has finally prevailed."

In an interview with The Times of London after the trial , Lynch reflected on how, with a great burden lifted off him at the age of 59, he could remake his life.

He mourned the deaths of his brother and mother, who both died ahead of the criminal trial. He mused about using his fortune to start a British version of the Innocence Project, which prevents wrongful convictions in the US.

"Now you have a second life," he told The Times. "The question is, what do you want to do with it?"

But first, a celebration. Lynch; his wife, Angela Bacares; one of his two daughters; Morvillo and his wife, Neda; and several others went on a superyacht, the Bayesian , which was anchored outside Sicily and owned by Bacares.

Chamberlain moved back to the UK. While running near his home, a driver hit him with a car . He died in a hospital on Saturday.

On Monday, a sudden storm struck the Bayesian. The yacht capsized.

Of its 22 passengers, 15, including Bacares, were rescued.

But rescuers have pulled five bodies from the wreckage, including Morvillo's and Lynch's . A sixth remains trapped inside the boat. Lynch's daughter Hannah remains missing.

Correction: August 22, 2024 — An earlier version of this story misnamed Lynch's lawyer. His name was Chris Morvillo, not Charles Morvillo.

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We had a once-in-a-lifetime adventure in Croatia onboard charter yacht SOVEREIGN. You went above and beyond for us, planned every little activity that we absolutely loved and you’ve got us hooked on the Yachting lifestyle! From the chef’s food to the crew’s outgoing smiles, every day we were in heaven.

Good afternoon, sweet Shannon! You think of everything. Your sweet kindness and thoughtfulness is very much appreciated. This has been the trip of a lifetime. It was beyond magical and the most incredibly amazing experience of my life. From the boat, the crew, the food, being with my family, the beach-set ups, the fun games, to the essential oil towels we were greeted with every time we stepped on the boat, it was truly an experience of a lifetime. So many great memories! I’m still pinching myself. Thank you for everything!!

WOW!!!!! You certainly recommended a fantastic boat. The crew is great. The chef Adrian is the best! Josh, Mike and Paula can’t be better. We are having a wonderful time. Thank you, and thank you again.

Captain Vince was an outstanding Captain. He made our family charter together very special. The crew even put on a firework show for us. The weather was outstanding and everything you did for us is very appreciated. We look forward to returning onboard!

For my first Yacht charter, I trusted you with choosing the most outgoing crew, the best Yacht with a great layout, and a once-in-a-lifetime trip from start to finish. Well, it’s now twice in a lifetime and maybe three times in a lifetime. I’m sold on the chartering life! I didn’t have any bites on my leg, but I certainly got the charter bug!

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Experience the ultimate Italian adventure with Worth Avenue Yachts. Our exclusive Tuscan countryside and Italian Coast vacation offers a seamless blend of luxury on land and sea. Begin your journey at the exquisite Villa Ardore, nestled in the heart of Tuscany and recently honored with the Experientialist Award by Culturalist Magazine. Villa Ardore is a unique retreat, boasting a stunning spa, an infinity pool with vineyard views, and much more. Spend a few days unwinding in this serene haven before embarking on your yacht charter. Perfect for weddings, friends’ getaways, or any special occasion, Villa Ardore is the ideal starting point for your unforgettable voyage into the sunset.

NEWS & UPDATES

Seattle Boats Afloat Show – Yachts for Sale on Display

The 2024 Seattle Boats Afloat Show will take place from September 12th through the 15th at Seattle’s Lake Union Piers. As the largest floating boat show on the West Coast, Worth Avenue Yachts is excited to have a few exceptional yachts on display available for viewing. Click to learn more about these luxury yachts for sale.

Explore Our Newly Listed Yachts for Sale

Worth Avenue Yachts is thrilled to present our newest market additions. In this blog, we’ll highlight three distinctive luxury yachts: the Palmer Johnson sports yacht SANAM, the newly refit classic Feadship yacht KORU, and the Aegean Schooner YAZZ. Click to read on.

Trinity Yacht NO BAD IDEAS – New Photography

The 160′ Trinity yacht NO BAD IDEAS, recently photographed in the Bahamas, showcases its impressive $20 million refit, bringing the yacht to like-new condition. Highlights include a 10-person swim-deck Jacuzzi, a luxurious main salon with fresh, light decor, and a formal dining area for 12. Click to discover more.

Top Yachts at the 2024 Monaco Yacht Show

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KORU: A SUPERYACHT REBORN

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I have purchased two boats from Sean Fenniman and Allied Marine in Stuart, FL. Both experiences were handled professionally and with great attention to detail. Making such a large purchase is stressful, however, this team understands those stresses and allows the purchaser to go through the process in their time, without any pressure or judgement. I give this group the highest recommendation. They have made my family's dream come true - twice! ~William W.

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I can't say enough about these people. I've had 7 transactions (buy and sell) in the past 7 years on boats with them. Every promise made was kept with special help like ... Sean Fenniman stayed up most of the night once working with a mechanic to address some survey issues that arose last minute to save the sale that would have fallen apart... Sean swapped a Garmin from his personal boat for my new faulty one so I could start my trip north once ... he personally cleaned a boat prior to a showing due to the vendor canceling the last minute. His Wife Tina helped me totally renovate 2 yachts, coordinating countless vendors. Tina offered to run to the registry in Florida for me when I was having an issue renewing online and followed up after to make sure I was okay. Nicole Brova Drost provided painless closings each time, chasing down issues before I even heard about them. I have too many examples to share here. They are without a doubt ... "super stars" ~William V.

ATTENTION TO DETAIL AND PROFESSIONALISM MADE THE DEAL COME TOGETHER EASILY!

I was in the market for a larger Sportfish and called Peter for additional information on his listing. Although the listed boat was under contract, Peter found one a little better equipped in the same price range. Sensing we should move quickly, Peter suggested we board right-away. We had only worked (together) a short while but Peter's understanding of the build, attention to detail and professionalism made the deal come together easily. We worked with the seller directly and carved out a deal during the showing that made sense. ~Pam E.

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From day one, Peter provided us with a great experience. Knowledge, foresight, comrade, and professionalism all made for a fun project acquiring our larger boat. At the onset of our relationship and vessel search, Peter stated, "This is a marathon not a sprint." With his help we won the race. Peter Kurki and Allied Marine made for an enjoyable experience purchasing our new vessel. We love our new boat. ~ Fred - Atlanta, Georgia

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Living in North Carolina we did not have direct access to the inventory of listings found in South Florida. Peter maintained a vigil on vessels he thought we would like in the South Florida market, visiting them for us before endorsing. Peter's knowledge and understanding of manufacturers, systems and performance made for a comfortable purchase. After a life-changing event, Peter then subsequently represented our vessel for sale and found us the buyer that was "meant to be." We had a pleasurable experience with Peter Kurki and Allied Marine, we would recommend to anyone who is in the market for a new or pre-owned vessel. ~ Lynn and Susan, Wilmington, North Carolina

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My career in law enforcement with Miami/Dade Marine Patrol provided me with many years of enjoyment on the water. When it was time to purchase my personal vessel I had the great pleasure of meeting Peter through social connections. We subsequently had a great time finding the vessel that suits me best. We saw a bunch of listings and worked with a strategy and plan to secure what was best. Peter returned all my calls, was always present and accounted for through the survey and closing. Peter then helped me personally to bring the boat home, docking her for the initial time. From beginning discussions of ownership to securing the lines on my home dock, Peter Kurki was an asset. Knowledgeable on boats and procedures and yachting culture, I felt comfortable with all his work. Peter is awesome, I'm confident people don't know how much heart he puts into making his clients happy! ~ Kevin D. - Stuart, Florida

ATTENTION TO DETAIL

I was in the market for a larger Sportfish and called Peter for additional information on his listing. Although the listed boat was under contract, Peter found one a little better equipped in the same price range. Sensing we should move quickly, Peter suggested we board right away. We had only worked a short while, but Peter's understanding of the build, attention to detail and professionalism made the deal come together easily. We worked with the seller directly and carved out a deal during the showing that made sense. Peter's quick response to questions and fundamental items kept me on the bite. Focus-driven purpose helps a buyer when she knows what she wants. I now have the boat I've dreamed of and a broker who delivers on his promise. ~ Pam - Wilmington, North Carolina

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The world’s best 50 yacht brokers

Home > LUXURY/UHNW Trends > The world’s best 50 yacht brokers

Posted by Joanna Lewis , 21 Apr 2023

The world’s best yacht brokers are relied upon for their expertise, market intelligence, and vast network of industry contacts by the most discerning yachting enthusiasts. The leading brokers work for global yacht brokerages facilitating transactions across yacht sales, yacht charter, yacht management, yacht refit, and new builds, including for the most luxurious motor boats and sailing yachts on the planet.

Relevance Yacht is the go-to digital marketing agency for the yachting industry and has helped the world’s leading brokers market their yachts and services to a qualified global audience. 

Here are the world’s 50 top yacht brokers,  in no particular order , that the world’s richest trust when it is time to buy, sell, charter, or build a boat. 

The world’s top 50 yacht brokers

David seal – northrop & johnson – yacht broker & head of video production .

David Seal is a veteran yacht broker and YouTube star based in Monaco with more than 226,000 subscribers on his Yachts For Sale channel, making it one of the most watched yacht channels on the internet. He broke into the industry following a move to Italy, where he started teaching English to yacht builder Norberto Ferretti. He later became sales manager for the CRN shipyard, part of the Ferretti group. Seal quickly differentiated himself by doing walk-through videos of yachts for sale before digital marketing became mainstream. He now works for Northrop & Johnson through an exclusive licensing agreement. 

Rosanna Arcamone  – Silver Star Yachting  – Yacht Charter Broker

Rosanna Arcamone’s career has been rooted in yachting, first as crew on the world’s finest superyachts, including as a chief stewardess, and then as a charter broker and co-founder of Silver Star Yachting. Arcamone boasts a wealth of industry contacts and a keen understanding of the demands of the world’s wealthiest travellers, regularly arranging charters on the world’s most lavish superyachts, including the award-winning 93-metre LADY S and the 85-metre O’PTASIA.

Ann Avery – Northrop & Johnson – Yacht Broker

Ann ‘Annie’ Avery is a sales broker with Northrop & Johnson , specialising in luxury sailboats. Her passion and success in this field led her to be awarded the IYBA Sailboat Broker of the Year in 2020, 2021, and 2022. She is also deeply passionate about conservation, producing audio interviews related to the health of the ocean. US-born and raised, Annie has over 30 years of experience in the industry, including 20 years with Northrop & Johnson. She is based in Northrop & Johnson’s Fort Lauderdale office. 

MATT PALMER – Northrop & Johnson – Yacht Sales Broker

Matt Palmer is a broker with Northrop & Johnson. He has been sailing since his youth, navigating the waters of the Channel Islands, where he grew up. Following a degree in law, Palmer joined a firm specialising in the structure and management of superyachts, enabling him to hone his skills regarding yacht ownership. Having begun his sales career in one of the largest brands in yachting, it didn’t take long before he transacted over 100 million Euros in sales. He champions professionalism and proactivity with strong traditional values and thrives on the true independence that Northrop & Johnson provides.

Nigel Beatty – YACHTZOO – Yacht Broker 

British-born Nigel Beatty is a yacht broker with YACHTZOO. He started his maritime career in the Royal Navy. In 1995 Beatty became a captain on private and charter superyachts around the world, giving him a unique insight into global yachting. He came ashore in 2005, starting six separate companies over a decade, all of which are still operating today. In 2015 he joined the YACHTZOO team in Florida and set up YACHTZOO’s Japan base shortly after. Nigel is the Chairman of APSA (Asia Pacific Superyacht Association) and lives in Monaco and Japan.

Charlie Birkett – Y.CO – Yacht Broker 

Charlie Birkett is a leading yacht broker and co-founder and CEO of Y.CO , based in Monaco. He started his career aged 16 when he left school to follow his passion for sailing. It took him all over the world in several positions, both shoreside and on board, supporting some of the world’s largest, most complex yacht operations, including M/Y CALIXE and M/Y TATOOSH. He founded Y.CO in 2004, along with his friend and business partner Gary Wright, growing the business into one of the world’s leading full-service yacht companies. With the company 100% founder-owned and founder-led, Birkett is known for his dedication to client relationships and treats every Y.CO client as the only client.

Alex Lees-Buckley – Camper & Nicholsons – Sales and New Build Yacht Broker 

Alex Lees-Buckly is a leading superyacht broker with Camper & Nicholsons .  A British native, he is a lifelong yachter with in-depth industry knowledge gleaned from 30 years of experience. Superyacht Times describes him as one of the “world’s most accomplished brokers” and, as such, boasts a loyal clientele with many multi-repeat clients. He has managed some of the biggest new build projects, including the 140-metre Fincanetieri OCEAN VICTORY, and is a leading sales broker for pedigree shipyards, including Benetti, Feadship, and Perini Navi. In 2016, Lees-Buckly was awarded the first Richard Earp Award from Fraser. 

Melanie Burke – Fraser – Yacht Charter Broker 

Melanie Burke is an award-winning charter broker and a recipient of the IYBA Charter Professional of the Year 2020. Based in Fraser’s Fort Lauderdale offices, Burke has been immersed in the yachting industry for over 30 years. She has worked as crew on charter yachts, sailed competitively, and managed yachts and marinas. She is now one of the world’s most recognised charter brokers, helping plan bespoke yacht charter experiences for the world’s wealthiest audiences.  

Marcel Busse – YACHTZOO – Yacht Charter & Sales Broker 

Marcel Busse has over 28 years of experience in the yachting industry as a captain with extensive knowledge of key cruising areas across the globe and superior expertise in vessels ranging from sport fishers to large superyachts. Born in South Africa, Busse has a stellar reputation for return clients and an excellent charter record. He is part of the global yacht brokerage YACHTZOO, where he works as a charter and sales broker specialising in high-end movie charters and yachts in excess of 60-metres.

Chris Callahan – Moran Yacht & Ship – Yacht Sales & Charter Broker 

Chris Callahan is a top yacht sales and charter broker and marketing director at Moran Yacht & Ship . Based in Fort Lauderdale, Callahan has over a decade of experience in the yachting industry and has facilitated yacht sales, charters, and new build projects. 

Tim Carbury – Moravia Yachting – Yacht Sales Broker 

Tim Carbury is a leading sales broker with Moravia Yachting . He was born and raised on the south coast of England, where he developed his passion for yachting, completing his first of many Fastnet races at just 15 years of age. He started his career in yachting at age 18 and has since covered many yachting industry touchpoints, including working as a yacht captain and marine engineer. Carbury is a versatile and adept broker and has successfully represented both buyers and sellers. He is based in Palma. 

Kent Chamberlain – Chamberlain Yachts – Yacht Broker 

Having owned and operated multiple successful yacht sales organisations in California and Florida, including San Diego Yacht Sales, Bradford Yacht Sales, Westship World Yachts, and Merle Wood & Associates  – where he previously served as Interim CEO – Chamberlain is a well-established and accomplished broker with extensive experience in sales, management, and charter. He has been instrumental in the creation of PartnerShips, the fractional yacht sales concept. Additionally, he is the founder and chairman of the Superyacht Network, a private group of top-tier superyacht brokers who regularly share industry information. Chamberlain is respected by his peers as a broker with an unwavering work ethic and high integrity. 

Jeremy Comport – Ocean Independence – Yacht Sales Broker 

Jeremy Comport is a leading yacht sales broker and group director with the brokerage Ocean Independence . He boasts decades of experience managing complex brokerage deals and new builds. Yachting is in Comport’s blood, having grown up around boats, notably sailboats. He kick-started his career in the yachting industry, working on yachts on the French Riviera. He later forged a career as a yacht broker and hasn’t looked back. Notable sales include the 56-metre Feadship built BROADWATER, which sold just three months following its listing, and the 44-metre Burger motor yacht PURE BLISS.  

Liz Cox – Cecil Wright – Yacht Management Broker 

Liz Cox is a senior partner highly specialised in management at Cecil Wright based in the Monaco office. She fell in love with yachting and the French Riviera some 30 years ago and helps owners enjoy worry-free yacht ownership that exceeds expectations. Throughout her career, Cox has helped manage and build some of the world’s finest superyachts, including overseeing the build of the 58-metre Amels, GU, the 68-metre Abeking and Rassmussen AVIVA II and SHERPA, a 73.6-metre Feadship, delivered in 2018. She currently heads up the charter management side of the business, including the management of one of the most successful charter yachts in the global fleet, the 60.9-metre Abeking and Rassmussen, ARIENCE .  

Robert Cury – RJC Yacht Sales and Charter – Yacht Sales Broker 

Robert ‘Bob’ Cury heads up RJC Yacht Sales and Charter , which he founded in 1997. He brings over 30 years of yacht expertise spanning design, brokerage, and new construction. He specialises in the sale of larger, late-mode pedigree motorboats and sport fishing vessels. RJC has represented some of the world’s most prestigious boats, including the 50-metre Trinity M/Y IMPROMPTU. 

Ed Dickinson – Northrop & Johnson – Yacht Sales Broker 

Ed Dickinson is a Monaco-based sales broker with Northrop & Johnson. He represents a wide variety of clients and yachts and has negotiated transactions on vessels from 24 to 70-metres plus. Many of his transactions are from repeat clients or through referrals. Hailing from Guernsey in the Channel Islands, he kick-started his passion for yachting as crew on a superyacht based in the Mediterranean. Dickinson is known for his industry insights and for always going the extra mile for his clients.

Mat Emerson – Camper & Nicholson – Yacht Sales & Charter Broker  

Mat Emerson is a senior partner and director of Americas with Burgess and was previously president of Camper & Nicholsons US. He has over 29 years of experience in the superyacht industry and is focused on sales and charter. He recently sold the 92-metre superyacht TATOOSH, acting as a co-central agent with Fraser’s Stuart Larsen. 

Richard Gray – IYC – Yacht Sales Broker 

Richard Gray is an accomplished yacht broker with a wealth of experience and expertise in the industry. As a broker at the prestigious yacht brokerage firm, IYC , Richard has established himself as a leader in the field, thanks to his extensive knowledge of the global yacht market and exceptional sales skills. Throughout his career, Gray has maintained a strong dedication to his clients, providing them with exceptional service and guidance through every step of the buying or selling process. He has a keen eye for detail, extensive knowledge of the technical aspects of yachts, and a deep appreciation for the beauty and artistry of yacht design. Richard has a sterling reputation in the industry and is respected by his peers and clients for his professionalism, honesty, and integrity. 

Darrell Hall – YACHTZOO – Yacht Sales Broker 

Darrell Hall is a leading yacht broker and the founder of YACHTZOO . He left his native South Africa to become a captain, navigating the world for over a decade until he settled down as a broker in Fort Lauderdale, Florida. Hall’s experience as a captain of both private and charter yachts has provided a solid client base and invaluable knowledge of yachts. Since his arrival in Monaco, he has established himself as a well-known and respected sales broker in the capital of yachting for all matters across motor yachts, sailing yachts, and new constructions of all sizes.

Richard Higgins – Northrop & Johnson – Yacht Sales Broker 

Richard Higgins is one of the world’s top 50 yacht brokers with Northrop & Johnson, based in their Monaco brokerage. He specialises in a wide range of vessels, both motor yachts and sailboats, drawing on over a decade of experience. Higgins is known for his technical acumen, exemplary service, and dedication to supporting his clients at every stage of their yachting journey. 

Jonathan Hind – Burgess – Yacht Sales Broker 

Jonathan Hind is a top yacht broker with Burgess and managing director for the brokerage’s Dubai office. He has over 16 years of industry experience spanning four continents and boasts a strong track record of project management, equally at home on small or large yachts. He most recently sold the 72-metre Delta Marine superyacht ALBATROSS just 11 weeks after she entered the brokerage market. Other notable yacht sales include the 50-metre Benetti motor boat BLUE NIGHT, with Hind representing the seller. 

Kyle van Huizen – YACHTZOO – Yacht Sales Broker 

Kyle van Huizen is a sales broker with YACHTZOO after moving ashore to be based in Monaco. He has many years of experience as a captain on modern and classic sailing yachts. He is highly professional and well-respected in the yachting industry. Since starting as a broker, van Huizen has proved an invaluable and prolific member of the YACHTZOO team, able to handle all types of sales, new and pre-owned, motor and sailing yachts as well as berth sales and some charters for select clients. Originally from South Africa, he is highly proactive and in the know for all yachting matters and new technologies.

Nicola Iacono – Silver Star Yachting – Yacht Charter Broker

Italian-born Nicola Iacono is a leading yacht charter broker and co-founder of Silver Star Yachting . Iacono has unique knowledge of the yachting industry and the needs of the world’s richest individuals, having worked as a consultant for luxury brands and leading shipyards before establishing Silver Star Yachting. He regularly arranges charters on the world’s most luxurious superyachts, including the 85-metre Oceanco yacht SUNRAYS and the 59-metre motor yacht IDYLLIC, built by Benetti.  

Peter Insull – Peter Insull’s Yacht Marketing – Superyacht Broker

Recipient of the prestigious Richard Earp Award, Peter Insull is a leading superyacht broker and principal of Peter Insull’s Yacht Marketing , headquartered in France. Insull is acknowledged as a leading broker for large yachts with an impressive track record of success, representing the interests of buyers and sellers. 

Tim Johnson – TJB Superyachts – Superyacht Broker 

Tim Johnson is the founder and CEO of TJB Superyachts and a leading yacht broker known for his boutique, modern approach. His career has been a varied one, including in management consultancy, tours in Afghanistan as part of the British Army Reserve, and private aviation. He discovered his passion for the yachting industry and has become a recognised force within the charter and sales market. He is based in TJB Superyachts’ London headquarters.

Carol Kent – Carol Kent Yacht Charters International – Yacht Charter Broker 

Carol Kent is the CEO of Carol Kent Yacht Charters International . She is a globally recognised yacht charter broker and recipient of the IYBA Charter Professional of the Year 2017, in recognition of her outstanding deduction and contribution to the yachting industry. Kent specialises in crafting vacations of a lifetime aboard some of the world’s finest vessels, partnering with all the major yacht brokerages, including Northrop & Johnson, Burgess, Fraser, and Camper & Nicholson. 

Brandon Kummer – Kitson Yachts – Superyacht Sales Broker 

Brandon Kummer, a co-founder of Kitson Yachts, began his yachting career at the early age of 18. In 2019, he became the recipient of the coveted IYBA Outstanding Young Professional in Yachting award. His astronomical sales record precedes him, and he is the first superyacht broker under the age of 30 to sell two Feadships. Based out of Miami, Brandon’s professional network and A-list clientele are built upon – and nurtured through – a reputation of impeccable trust and discretion, spanning the world over. In his decade-plus of industry experience, he has positioned himself as one of the most succe ssful yacht brokers in the world. 

Stuart Larsen – Fraser – Yacht Sales Broker 

Stuart Larsen is an internationally recognised yacht broker with Fraser. Based in Fraser’s Fort Lauderdale offices, Larsen has a remarkable sales record spanning three decades, representing buyers and sellers. He recently sold the iconic 92-metre Nobiskrug-built M/Y TATOOSH, which was showcased at the 2022 Monaco Yacht Show. Other notable yachts include the 126-metre explorer vessel OCTOPUS. Larsen also has extensive experience across new build projects, boasting a network of contacts with the world’s leading shipyards.  

Sean McCarter – Northrop & Johnson – Sailing Yacht Broker 

Sean McCarter has a long-held passion for the sea, growing up around boats in the UK. As an experienced sailor, he specialises in sailing yachts, offering expert advice drawn from firsthand experience. He joined the yachting industry during the America’s Cup in Valencia, 2005 to 2077, and progressed to skipper of power and sailing yachts up to 2000GT, including a round-the-world race and cruise. He has sailed 12 Atlantic crossings in varying directions. McCarter is based in Northrop & Johnson’s Palma office. 

Kevin Merrigan – Northrop & Johnson – Yacht Sales Broker 

Kevin Merrigan is the chairman, former owner, and a leading yacht broker with Northrop & Johnson, having negotiated purchase and sales agreements for more than 300 of the world’s finest boats, closing deals in over 15 countries. He oversaw the firm’s growth from an American-based brokerage with seven offices to an international powerhouse with offices in every global yachting hub. Kevin is the founder of the International Yacht Council and has served on the Board of Directors of the Florida Yacht Brokers Association and the International Yacht Council.

Robert Moran – Moran Yacht & Ship – Yacht Sales & New Build Yacht Broker 

Robert Moran is president of Moran Yacht & Ship and a top yacht broker based in Fort Lauderdale. He started his career as a deckhand working his way up the ranks to captain. On dry land, he founded Moran Yacht & Ship in 1988, establishing the company as a leading yacht brokerage. Amongst its most notable yachts is AHPO, which Moran oversaw the build of. It is listed for sale with Moran and is the world’s most expensive yacht currently on the market.

Sean Moran – Moran Yacht & Ship – New Construction Yacht Broker 

Sean Moran is a yacht broker and managing director of Moran Yacht & Ship in Fort Lauderdale. He grew up in the world of yachting as a son of a yacht captain and yacht chef. Moran started his career as a deckhand, working his way up through the ranks to First Officer. Over the years, he has developed in-depth technical and operational management expertise, helping him to guide his clients through the more technical aspects of yacht ownership. He specialises in new yacht construction projects and has worked on some of the world’s most luxurious new build projects.  

Juan Morillo – United Yacht Sales – Sales Yacht Broker 

Juan Morillo is a top-performing Florida yacht broker with United Yacht Sales , known for his level of service and passion for yachting. He is focused on new builds and pre-owned yachts and boasts vast experience in sales and consulting on complex acquisitions. Morillo introduced the buyer for the 62-metre M/Y CLOUD 9 in 2022. 

William Molloy – Moravia Yachting – Yacht Charter Broker 

William Molloy is head of charter and a senior charter broker at Moravia Yachting, with over 200 charters completed, including on some of the world’s most iconic superyachts. His passion for yachting stems from his early career as professional yacht crew and a degree in maritime studies. He represents both families looking for quiet getaways to corporate hospitality at major global events. He is known for his bespoke approach and his ability to cater to clients’ individual needs.  

Tim Morley – Morley Yachts – Yacht Sales Broker 

Tim Morley is an experienced and knowledgeable yacht broker with Morley Yachts . He has extensive knowledge of the international yacht market, allowing him to quickly identify market trends and changing values. With over a decade of experience working in sales, Morley is well-versed in both the technical and practical aspects of selling and buying yachts. He takes great pride in helping his clients find the perfect boat at the right price, offering years of experience and expertise to ensure a successful transaction. He is committed to providing first-class customer service, working hard to ensure that the entire process goes smoothly from start to finish. 

Adam Papadakis – Moravia Yachting – Yacht Sales Broker 

Adam Papdakis is head of sales and a senior broker with Moravia Yachting. As one of the world’s leading top 50 yacht brokers, he brings over two decades of expertise and has been involved with several iconic new-build commissions and high-profile superyacht sales. He boasts an impressive network of contacts and is respected for his eye for detail and genuine care of his clients. 

Todd Rittenhouse – Northrop & Johnson – Yacht Sales Broker 

Todd Rittenhouse brings close to two decades of experience as a yacht sales broker. He specialises in high-end power and sail transactions, both new and used. His career has been spent ‘at sea’ starting in the merchant marines working aboard tankers, drill ships, and ocean-going tugs, logging over 150,000 sea miles. His experience working on yachts and large commercial vessels enables Rittenhouse to provide his clients with unique insights to help them make informed decisions. He works for Northrop & Johnson, based in their Newport Beach office. 

Glen Runyan – Seattle Yachts – Superyacht Sales Broker 

Glen Runyan of Seattle Yachts is an accomplished top 50 yacht broker with a comprehensive background in the boating industry. Based in Fort Lauderdale, he has negotiated sales on some of the world’s largest superyachts, including the 74-metre M/Y ELANDESS, where he represented the buyer. 

Wes Sanford – Northrop & Johnson – Yacht Sales Broker 

Wes Sanford is a yacht broker with Northrop & Johnson, working out of their Fort Lauderdale office. He specialises in new deliveries, including large yachts from 70-metres plus. He takes a holistic approach, having been immersed in the yachting world from a young age. He worked as a mate, engineer, and then charter captain on some of the world’s most luxurious yachts for some 12 years. Following the birth of his daughter, he decided to retire from the bridge and instead forge a career on dry land as a yacht broker. He is known for his confidentiality, integrity, and dedication to his clients.

Henry Smith – Cecil Wright – Yacht Sales Broker 

Henry Smith is a highly regarded yacht broker, partner and director of the Monaco office of yacht brokerage Cecil Wright . Smith has a life-long passion for yachting, having sail ed competitively since childhood. A career in the industry was, therefore, a natural fit. With in-depth knowledge of mechanics and engineering gleaned during his time at university, he can advise on more than simply the cosmetics of a boat. He is known for his in-depth knowledge and trusted expertise, especially on northern European pedigree yachts. His most notable sales include the 62-metre Feadship NEW HAMPSHIRE, the 56- metre Feadship HAMPSHIRE I, and the 55-metre Amels LA MASQUERADE. His most notable new build is the 80-metre Nobiskrug Project BULLSEYE which is currently under construction.

Jeffrey Stanley – Gilman Yachts – Yacht Sales Broker 

Jeffrey ‘Jeff’ Stanley is a broker with Gilman Yachts and recipient of the 2021 IYBA Lifetime Achievement Award. A career yacht broker with 40 years of expertise and over 900 closings under his belt, he represents both buyers and sellers of yachts from 30-metres plus. Stanley also has experience with new build projects, his most notable being the 36-metre Crescent built M/Y IMPETUOUS. He previously served on the IYBA board from 1998-1999. 

Matthew Stone – IYC Yachts – Yacht Sales Broker & New Construction Specialist 

Matthew Stone is a multi-award-winning yacht broker and managing partner for IYC Yachts’ California-based brokerage, who has devoted more than half his lifetime to the yachting industry. In 2018 and 2019, he was named Broker of the Year, and then in 2020, he was nominated for the coveted IYBA Outstanding Young Professional in Yachting award. Stone has a passion for new construction builds and has spent time touring the world’s most prestigious shipyards. He is a regular on AWE’s network television series, Selling Yachts, and is regularly featured in industry publications. 

Lukas Stratmann  – Ocean Independence – Pre-Owned & New Construction Superyacht Broker 

Lukas Stratmann is a top yacht broker based in Dusseldorf with Ocean Independence. His completion of German National Naval Service, degree in yacht manufacturing and servicing, and 18-month tenure at Abeking –  where he gained in-depth insights on the above 100-metre range – ensures he brings incredible acumen and outstanding management services to his clients. He provides expert advice for pre-owned and new construction projects, as well as legal, financial, and administrative matters. Stratmann holds his Yachtmaster Ocean Certificate and has worked on superyachts in the North Sea, Mediterranean, and North Atlantic. Notable recent sales include the 34-metre Baltic sailing yacht NILAYA, and the 32-metre HARMONY 1 motor yacht.

Michael Tabor – Kitson Yachts – Yacht Sales Broker 

Michael Tabor, a co-founder of Kitson Yachts , brings a strategic vision and a sophisticated approach to a business built upon leisure. Supremely dedicated to his craft, Michael has a background and award-winning track record in capital markets, but his family heritage – three generations of shipbuilders – has brought him back to his passion for the sea. Michael quickly rose to the #1 producing broker at his previous firm before co-founding Kitson Yachts. Tabor now stands as one of the top global leading superyacht brokers, with a speciality in new construction and over 1,400 Linear feet of yachts presently under construction. 

Ross Tannock – Moran Yacht & Ship – Yacht Sales & Charter Broker 

Scottish-born Ross Tannock is a sales and charter broker with Moran Yacht & Ship with over a decade of experience. Based in Fort Lauderdale, he started his career in professional sports and sports marketing, building a network of contacts with global business leaders. Notable sales include the 75.4-metre Lurssen M/Y NORTHERN STAR, the 50-metre Mangusta M/Y INCOGNITO, and the 58.5-metre Lurssen CAPRI.  

Peter Thompson – Thompson of Monaco – Yacht Sales Broker 

Peter Thompson is an experienced yacht broker and industry expert with decades of experience. Having worked for some of the most prestigious yacht brokers and shipyards worldwide, including Worth Avenue Yachts, TWW Yachts, and Yachting Partners International, Thompson brings a wealth of knowledge and expertise. Throughout his career, he has established himself as a respected and trusted broker, thanks to his industry experience, sales skills, and exemplary customer service. He is knowledgeable about all aspects of yacht sales, from market trends and valuation to negotiations and contract management. 

Simon Ting – SuperYachtsMonaco – Yacht Charter & Sales Broker 

Simon Ting boasts 20 years of yacht industry experience, focusing on large yacht charters and sales. He is based in Monaco with the yacht brokerage SuperYachtsMonaco . He recently represented the seller for the 72-metre superyacht STELLA MARIS, built by Viareggio Superyachts. She was one of the largest and most luxurious vessels to sell in 2022. 

Edouard Vignal – Ocean Independence – Yacht Sales Broker 

Edouard Vignal is an experienced yacht sales broker specialising in pedigree yachts, including Custom Line, Benetti, Sunseeker, Princess, and Azimut. His global background and previous career in asset management consultancy enable him to provide highly astute advice based on the latest market analysis. Recent sales include hull no.07 from the celebrated Custom Line 120’ and the 32-metre M/Y HARMONY 1. Vignal is based in Ocean Independence’s Monaco brokerage. 

Chris Cecil-Wright – Cecil Wright – Yacht Broker 

Chris Cecil-Wright is the founder of Cecil Wright and has been a leading yacht broker in the industry for nearly 30 years. His passion for yachting comes from his love of all things nautical, sparked by sailing dinghies on the Solent in the UK and later as a skipper on luxury yacht charters. He started his career at Camper & Nicholsons and later set up Edmiston with Nick Edmiston before creating his own brokerage, Cecil Wright, in 2013. Chris has worked across every touchpoint of the yachting industry and is known for his trustworthiness, integrity, and market intelligence. Career highlights include the builds of the 99-metre Feadship MADAME GU, the 77.7-metre Feadship TANGO, and the 78.5-metre Feadship HAMPSHIRE II and the sale of the 81-metre Abeking and Rassmussen KIBO, the 72-metre Feadship UTOPIA (twice), and the 70-metre AMADEUS.  

We are expanding our top broker list to 100. If you are a yacht broker, then let us know why you should be included. Please email marketing@relevance.digital with your biography.

Relevance Yacht is the go-to yacht marketing agency. For over a decade, our team of yacht marketing experts has worked with the world’s best yacht brokers, helping them reach the world’s most affluent yachting enthusiasts. If you need help marketing your yachting brand, contact our team. 

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Welcome to Oceanic Yachts

We are proud that an overwhelming portion of Oceanic Yacht Sales’ business is derived from returning customers. Whether looking to enjoy yachting in new ways or new locations, customers rely on our staff’s knowledge and expertise in a variety of areas.

Oceanic Yacht Sales, founded in 1991 by John Baier, is a sales leader in select brokerage power and sailing yachts as well as new construction management, throughout the United States, Europe and Asia. With offices in Sausalito CA and Sag Harbor NY, Oceanic has represented hundreds of buyers and sellers with integrity, professionalism and unparalleled service in complex and highly confidential transactions. Whether customers are preparing to advance into their next yacht or buy their first boat, time after time, they trust Oceanic’s staff for world class results.

Sausalito, CA

Located for over 30 years at Clipper Yacht Harbor in Sausalito, California, Oceanic is uniquely situated in the heart of the busiest yachting center on San Francisco Bay. A short distance to San Francisco, the Golden Gate and other approaches to the bay, Sausalito is a coveted destination in San Francisco yachting.

Sag Harbor, NY

In 2015 John Baier expanded Oceanic’s presence to Sag Harbor, New York, at the eastern end of Long Island.Oceanic clientele now have not only west coast inventory to select from but also the considerable inventory found on the eastern seaboard.

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Find Your Time...A Full Service Yacht Brokerage Company

Providing trusted forward-thinking advice, insight and support to yacht owners and buyers, featured listings, 2007 grady-white 360 express.

When you step onboard this 2007 Grady 36' Express be prepared to be impressed. She was designed to be a great space to fish, entertain, and weekend on and she is LOADED with options. New Garmin Electronics, repowered with Suzuki 300s & new enclosure!

DO NOT MISS THIS ONE...Asking $265,000

2014 Insetta i45C Catamaran

This 45 Insetta 45' Catamaran fishes like a Freeman for a fraction of the cost. Her equipment list includes ALL New Garmin Electronics, Spotting Tower w/ Controls, a Goose Neck Trailer & Repowered w/ 2017 low hour 7Marine OB's...it's the one you have been waiting for!!!!! A must-see!     

Asking $375,000...inquire for full details

2017 Boston Whaler 27 Dauntless

 The Legend...The layout of the Dauntless is perfect for the adventurous spirit.  Her seating welcomes entertaining large parties while providing a comfortable, intimate setting for cruising or she can morf into a serious FISHING Machine... The TOTAL Package  

Asking $129,990...inquire for full details

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The perfect time is now.

Our goal is to have your experience while BUYING your boat as professional and as easy as possible. We co-broker with yacht brokerage firms from around the world, eliminating the need to use different brokers to see different yachts. Our Team will protect your interests and ensure your represented with integrity while negotiating a win on your terms.

If you are thinking of SELLING your yacht, the key is marketing. FYT Marine has one of the most aggressive marketing programs in the brokerage industry. We advertise through a number of print medias, Internet web sites worldwide and have a very committed social media presence. 

Our main objective is to quickly attract the Right Buyer at the Right Price.

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Working with the right company gives you the ability to have peace of mind. The yacht buying process is not hard but maintaining one can be. We have access to all the right professionals and vendors to ensure your vessel is maintained to the highest standards. Choosing the right yacht broker or company makes a BIG difference...choose wisely.

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Working with the right broker gives you the ability to have an industry insider fighting for your best interests. Having peace of mind at the closing table, being protected throughout the delicate steps of the yacht-buying process, and having access to all the right yachting professionals and vendors is only the beginning.  Choosing the right yacht broker or company makes a BIG difference...choose wisely.

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We love our customers, so feel free to visit our yacht brokerage office during normal business hours. We are located in the Watergate Yachting Center on Pier # 2

Always Open On-line 24 Seven 365

FYT Marine Select Yacht Brokerage

1500 Marina Bay Drive, Kemah, Texas 77565, United States

Texas Direct 713.870.3299

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